$ADP 8-K earnings — Q4 FY26

ADP beat consensus with adjusted EPS of $2.64 (+17% YoY), $0.12 above estimates. Revenue of $5.5B grew 7% (6% organic constant currency), at the high end of guidance. FY2027 outlook calls for 5-6% revenue growth and 9-11% adjusted EPS growth, signaling continued margin expansion. The key nuance: 140bps adjusted EBIT margin expansion in Q4 was driven by operating leverage and AI productivity gains, not one-time items, suggesting sustainable structural improvement.

ADP beat consensus with adjusted EPS of $2.64 (+17% YoY), $0.12 above estimates. Revenue of $5.5B grew 7% (6% organic constant currency), at the high end of guidance. FY2027 outlook calls for 5-6% revenue growth and 9-11% adjusted EPS growth, signaling continued margin expansion. The key nuance: 140bps adjusted EBIT margin expansion in Q4 was driven by operating leverage and AI productivity gains, not one-time items, suggesting sustainable structural improvement.